What Does Each Way Mean In Tennis Betting

1. What Does 220 Mean Betting
2. What Does Each Way Mean In Tennis Betting Results

An Each Way bet has two parts of it, a “win” and a “place”. A winning selection in an Each Way bet means a payout on both parts. If the selection doesn’t win then only the “place” part will be paid out if the selection finishes high enough (say 2nd, 3rd or 4th depending on the event). A loss and the entire bet loses.

In the simplest of terms, an each-way bet allows you to split your wager 50/50 between an “outright win” bet and a “to place” bet. When you make an each-way first goalscorer bet, half of your stake is put on a regular bet for who is going to score first. The other half of the stake is put on the same player and with this one you are betting that the same player is going to score either the second or the third of the match.

What does Each Way mean in betting?

EW (each way) is a simple type of bet and means that the two options of a Win and a Place are all covered in one bet. That bet though does require an extra stake, because of the two options within it. So a £10 Each Way bet is actually a £20 stake in total.

How does an Each-Way Bet work?

An Each Way bet offers punters a bit of extra coverage on a selection. A selection could either win, or it could qualify for a payout on the place terms.

Place terms are set by the bookmaker and it can vary from event to event. The place terms will set how many places are on offer in the race and at what odds (for example two places at 1/4 odds).

Half of your stake is on the ‘win’ part of the bet, the other on the ‘place’ part. If your Each Way selection wins the race you are paid the full odds on the ‘win’ plus at 1/4 odds (of the original odds) on the ’place’ part of the bet. If the selection only places then you only get 1/4 odds payout from the ‘place’ part of the bet.

What does Each Way mean in horse racing?

Each way in horse racing means a bet that will cover a selection if they happen to win the race, or if they place within designated finishing places.

For example, Alloy Wheelbarrow is running in the Grand National at 20/1 odds. The Place Terms on the National are six places (because it’s a big field of runners) and at 1/4 odds.

You place a £10 Each Way bet (£20 total stake: £10 on the Win, £10 on the Place)

If Alloy Wheelbarrow wins then you will be paid out like this:

£10 x 20/1 odds on the Win = £200
£10 x (20 / 4 – a quarter of the original odds) on the Place = £50
Total return is £270 with stake included

If Alloy Wheelbarrow places in the Grand National

£10 x 20/1 odds on the Win = Lost
£10 x (20 / 4 quarter of the original odds) on the Place = £50
Total return is 60 with stake included

If Alloy Wheelbarrow doesn’t win/place

The entire stake is lost to the bookmaker.

What does Each Way mean in golf?

Each way bets are not exclusive to the likes of horse racing and greyhound racing at all. Far from it. One of the other popular sports it is used on is golf. What does Each Way mean in golf? Exactly the same thing. A bookmaker will set a predetermined number of “places” that a contender can finish in.

For example, Tiger Woods is lining up at the Masters. There is a good chance that he could be in contention for the event, but the field is strong with other top players of course. So you take a £5 Each Way Masters bet on him at 16/1 odds (£10 stake total). If Tiger places then you get whatever odds are offered in the place terms, and if he wins then you get paid on both portions of the bet.

Each way odds

Each way odds are determined by the bookmaker. It will be dependent on the actual event running. The thing you will most commonly see is either 1/4 or 1/5 on place options for horse racing. If the selection either wins or loses, the Place part of the bet will only be paid out at those odds set out in the terms.

EW Terms and betting rules

You may see Each Way terms set out at EW Odds 1/5 1, 2, 3 which means that the bookmaker is paying out on three places (first, second and third) at 1/5 odds.

This is a guide and bookmakers don’t offer these set in stone, but it is a general rule of thumb for places and odds terms. Things like promotions can affect these:

Each way betting system

There are plenty of Each Way betting systems around. A common one is to go Dutch which is backing the top three in a race each with an Each Way bet. There is a high percentage of races (particularly non-handicaps) which are won by a horse in the top three in the betting. You calculate the stake needed for each of those bets so that the payout on each of the three bets will be exactly the same. The goal is to be paid out enough winnings to cover the lost stake on the others, assuming they both lose in a worse-case scenario.

Each-way betting is one of the most least understand types of sports betting wagers, even among seasoned sports betting veterans, but this page should clear up any questions you have regarding the “Each-way” or “E/W” numbers you see when betting on outright winners.

In the simplest of terms, an each-way bet allows you to split your wager 50/50 between an “outright win” bet and a “to place” bet. The win portion of the bet pays out at the odds displayed if your pick does in fact win outright, while the second half of the bet pays out at a fraction of the outright winner odds, if the selection finishes within the places outlined by the sportsbook.

Rereading that paragraph and I can barely understand what I mean, so let’s get into some examples, which are far easier to explain.

Golf Winner Example

Here’s an example from Bet365.com using the odds to win the British Masters golf tournament. The each-way terms for the market were “Each-way 1/4 1-2-3-4-5”:

• Rory McIlroy 13/2
• Sergio Garcia 8/1
• Alex Noren 14/1
• Bernd Wiesberger 20/1
• Lee Westwood 20/1
• Matthew Fitzpatrick 22/1
• Shane Lowry 25/1

Notice the “Each-way 1/4 1-2-3-4-5” option. This means that if you chose to make the bet an “each-way” bet, then half of your wager would be paid out a 1/4 of the above odds if your pick finished in the top 5 places in the tournament (1-2-3-4-5).

For the purposes of this example, let’s select Shane Lowry at 25/1. After selecting Lowry you will have the option to select the “Each Way” button at Bet365. When you select this option you will notice that your bet amount doubles. This is because when you select each-way you are actually making two bets. For this example let’s say you are placing one $20 bet on Lowry to win, and one $20 bet on Lowry to finish in the top 5 at 1/4 odds, which would be odds of 6.25/1 ($40 of total bets).

The $40 bet has a potential payout of $665. Let’s break that down.

• The first $20 on Lowry to win has a potential payout of $520 ($500 winnings at 25/1 + $20 wager).
• The second $20 bet has a potential payout of $145 ($125 winnings at 6.25/1 + $20 wager).

If Lowry finishes between 2nd and 5th then I will still receive the $145 payout on the each-way bet.

World Cup Example

Let’s quickly look at one more example, to show you how the each-way terms can be displayed differently. The outright winner market for the 2018 World Cup at Bet365 has each-way terms of 1/2 1-2.

• Germany 6.50
• France 6.50
• Brazil 7.50
• Spain 8.00
• Argentina 10.00
• Belgium 17.00

Here is a quick look at the 6 favourites to win the 2018 World Cup. Again, the each-way terms for the World Cup outright betting at Bet365 are 1/2 1-2. This means that if you select the each-way option then half of your bet would be wagered on the team just making the World Cup Finals and be paid out at half the above odds. For example, if you take Belgium at odds of 17.00 (16/1 in fractional) then half the bet would apply to Belgium making the finals at odds of 8/1.

Each-Way Betting Tips

There are a lot of ways you can use each-way bets to your advantage when betting futures. Here are a few things to keep in mind to give yourself an edge on the sportsbook.

What Does 220 Mean Betting

• Compare the each-way odds to the equivalent prop bet. You will often notice that the each-way bet has better odds than the prop bet for say a “top 5” or “to reach final” continuing with the two examples above. For example, Lowry was 5/1 to finish in the top 5, while the each-way bet gave you odds of 6.25/1 for the same outcome.

• Compare the each-way terms between sportsbooks. The each-way terms do vary between sportsbooks, so pay attention to the terms and bet accordingly. For example, if a selection has odds of 25/1 at sportsbook A with each-way odds of 1/4 1-2-3-4, but odds of 22/1 with each-way odds of 1/4 1-2-3-4-5-6-7 at sportsbook B, it may still be better value to place your each-way bet at sportsbook B in order to take advantage of the extra 3 places for the payout. This is something that you can weigh the risk vs reward for yourself, but be aware of the terms.

What Does Each Way Mean In Tennis Betting Results

• Look for each-way betting promotions. Bet365, for example, offers each-way betting promotions for the Grand Slam golf tournaments where they change their each-way terms to include the top 8 places, rather than the typical 5.